Economy

Continued Fed Rate Hikes Affecting Bond Markets

17
Economy
14.09.2022

An increasing number of analysts are predicting that persistently high inflation will force the Federal Reserve to resort to the biggest increase in a key US interest rate in more than 40 years.At the last two meetings, the US Fed raised the targeted...

China's Trade Weakens as Global Demand Falters

16
Economy
08.09.2022

China's exports and imports slowed in August, with growth badly missing forecasts as surging inflation hobbled overseas demand and more COVID-19 lockdowns disrupted local output.Exports climbed 7.1% in August from a year earlier, slowing from an 18.0...

US Mortgage Rates Hit Highest Level Since 2008

16
Economy
11.09.2022

US mortgage rates scaled their highest level in 14 years, edging closer to 6% this week, as the market priced in continued aggressive Federal Reserve interest rate hikes.The 30-year fixed mortgage rate averaged 5.89% during the week ending September...

Turkish Inflation to Peak Above 80/100

0
Economy
04.09.2022

Inflation in Turkey is set to climb to above 80% soon, more than 16 times the central bank’s official target. Analysts believe this will leave price expectations of Turkish consumers entrenched at elevated levels for years to come. For most of the ye...

India’s Economy Grows, But Falls Short of Expectations

23
Economy
31.08.2022

India, the third-largest economy in Asia, saw its GDP grow by 13.5% in the April-June quarter from a year earlier. This marks the fastest pace of growth in a year and comes amid concerns of growth slowing due to increased interest rates.The increase...

Sanctions Not Having Expected Effect on Russia’s Economy

33
Economy
30.08.2022

When Western countries imposed a raft of sanctions on Russia earlier this year, after it invaded Ukraine, it was believed these punitive measures would have a devastating effect on the country’s economy.However, results have thus far been mixed. On o...

Solar Power on the Rise in Germany After Russia Throttles Gas

28
Economy
23.08.2022

Germans affected by Europe’s gas crisis are scrambling to get solar panels installed in their homes and businesses.So far this year, Germany has seen a 22% jump in the installation of solar systems compared with the same period last year. These syste...

Ford Slashing 3,000 Jobs as It Shifts to EVs

39
Economy
22.08.2022

US Carmaker Ford is cutting 3,000 corporate jobs as it prepares to shift from traditional internal combustion engine vehicles to electric vehicles (EV).Announcing the news, Ford CEO Jim Farley said, “Building this future requires changing and reshapi...

Europe Slides Towards Recession as ECB Considers Next Steps

46
Economy
21.08.2022

Europe’s economy is facing the strain of energy rationing, record inflation, and tighter monetary policy. With a round of purchasing managers’ indexes slated to arrive this week, analysts expect to see a contraction in private-sector output for a sec...

Target Profit Sinks as Inflation Bites

32
Economy
17.08.2022

Major US retailer Target reported a significant profit decline of 90% in the second quarter, as inflation-hit consumers pulled back on spending on all but the most essential items. Target's quarterly net income fell to $183 million, down significantl...